https://www.taxtmi.com/news?id=39668 Reciprocal tariffs imposed by the United States weakened the dollar and prompted an intraday recovery of the Indian rupee, driven by dollar softness from tariff-related growth and inflation concerns, steady foreign inflows, improved manufacturing signals, and no RBI intervention. The tariffs may affect exports in certain sectors, though India is seen as comparatively advantaged versus some competitors. The commerce ministry and Department of Commerce are evaluating implications, engaging stakeholders, and pursuing opportunities, while bilateral trade discussions with the US aim for an expedited, multi-sectoral agreement to deepen supply-chain integration. en-us Thu, 03 Apr 2025 20:31:03 +0530 Thu, 03 Apr 2025 20:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=39668 Reciprocal tariffs imposed by the United States weakened the dollar and prompted an intraday recovery of the Indian rupee, driven by dollar softness from tariff-related growth and inflation concerns, steady foreign inflows, improved manufacturing signals, and no RBI intervention. The tariffs may affect exports in certain sectors, though India is seen as comparatively advantaged versus some competitors. The commerce ministry and Department of Commerce are evaluating implications, engaging stakeholders, and pursuing opportunities, while bilateral trade discussions with the US aim for an expedited, multi-sectoral agreement to deepen supply-chain integration. News - Thu, 03 Apr 2025 20:31:03 +0530 https://www.taxtmi.com/news?id=39668